MA BS & J Partners Chartered Accountants Member firmn of Nexia International, UK *0) Independent Auditors' Report and Audited Financial Statements Of Low Income Community Housing Support Project (LICHSP) Implemented by Palli Karma-Sahayak Foundation (PKSF) As at and for the year ended 30 .June 2022 A member of ~Nexia TABLE OF CONTENTS PAGE SL. NO. PARTICULARS NOG NO. 01 Independent Auditors' Report 01-02 02 Statement of Financial Position 03 03 Statement of Profit or Loss 04 04 Statement of Changes in Equity 05 05 Statement of Cash Flows 06 06 Notes to the Financial Statements 07-15 07 Grant Income Account under LICHSP (Annexure - A) 16 08 Expenditure for Asset (Annexure - B) 17 r MABS & J Partners nependent Chartered Accountants To the General Body of Palli Karma-Sahayak Foundation (PKSF) Report on the Audit of the Financial Statements Opinion We have audited the financial statements of "Low Income Community Housing Support Project (LICHSP)" implemented by Palli Karma-Sahayak Foundation (PKSF), which comprise the statement of financial position as at 30 June 2022, and the statement of profit or loss, statement of changes in equity and statement of cash flows for the period then ended, and notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements give a true and fair view of the financial position of "Low Income Community Housing Support Project (LICHSP)" as at 30 June 2022 and its financial performance and its cash flows for the period ended in accordance with the International Financial Reporting Standards (IFRSs). Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under these standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the project in accordance with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants ([ESBA Code), and we have fulfilled our ethical responsibilities in accordance with the IESBA Code and the Institute of Chartered Accountants of Bangladesh (ICAB) Bye Laws. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Responsibilities of management and those charged with governance for the financial statements Management is responsible for the preparation of the financial statements that give a true and fair view in accordance with the International Financial Reporting Standards (IFRSs) and other applicable laws and regulations and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the entity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the project, or to cease operation, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the entity's financial reporting process. Auditors' responsibilities for the audit of the financial statements 4 Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatements, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A miembDer oO Corporate Office: Motijheel Branch Office SMC Towir (7th Floor) 21, Purana Paltan Line (4th & 7th Floor) 33, Banam C/A, Road 17 Dhaka-1000, Bangladesh nternationa Dhaka- 0-2 2 7-58 Phone +88-02-58315469158315471 od +880-2-222275365-66 Fax +880-2-48320936 E-mail info@mabsj.com E-mail info@mabsj.com Web www.mabsj.com- Web www.mabsi.com MABS & J Partners Chartered Accountants As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: * Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. * Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the project's internal control. * Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. * Conclude on the appropriateness of management's use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the project's ability to continue as a going concern, If we conclude that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the project to cease to continue as a going concern. * Evaluate the overall presentation, structure and content of the financial statements, including the disclosures and whether the financial statements present the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and i) where applicable, related safeguards. We also report the following: a) We have obtained all the information and explanation which to the best of our knowledge and belief were necessary for the purpose of our audit and made due verification thereof; b) In our opinion, proper books of account as required by law have been kept by Palli Karma- Sahayak Foundation (PKSF) so far as it appeared from our examination of those books; and c) The statement of financial position and statement of profit or loss dealt with the report are in agreement with the books of account and returns. 40 Dated: 30 November 2022 M ar Dbaka, Bangladesh Chart ed A ountants 2 A nemberi of Nexia International Low Income Community Housing Support Project (LICHSP) Implemented by Palli Karma-Sahayak Foundation (PKSF) Statement of Financial Position As at 30 June 2022 Particulars Amount in BDT. 30 June 2022 30 June 2021 ASSETS A. Non-current assets 971,419,315 1,029,455,150 Property, plant and equipment 3 3,319,347 891,540 Loan to partner organizations (POs]-non current portion4 968,099,968 1,028,563,610 portion ________ B. Current assets 617,706,216 492,131,322 Loan to partner organizations (POs)-current portion 4 328,545,458 246,331,822 Cash and cash equivalent 5 181,580,883 108,229,495 Grant and other receivables 6 285,370 294,575 Service charge receivables 7 7,671,299 11,038,297 Advance & Prepayments 8 1,839,200 1,789,200 Current account with PKSF (Other then General Exp.) 9 97,784,006 124,447,932 Total assets (A+B) 1,589,125,532 1,521,586,472 CAPITAL AND LIABILITIES C. Capital fund and reserve 10 125,936,113 32,707,818 Retained surplus 10.1 71,936,113 32,707,818 Retained earning for grant fund 10.2 54,000,000 - D. Non-current liabilities 1,417,734,647 1,401,535,840 Loan for project 11 1,377,100,000 1,377,100,000 Provision for interest on loan - project 12 37,315,300 23,544,300 Deferred income (Grant for asset) 13 3,319,347 891,540 E. Current liabilities 45,454,772 87,342,815 Grant received in advance 14 18,989,162 60,592,719 Other liabilities 15 100,000 1,252,187 Bank Interest Payable 16 432,702 Loan loss provision 17 25,932,909 25,497,909 Total capital fund and liabilities (C+D+E) 1,589,125,532 1,521,586,472 The annexed notes from 1 to 26 form an integral part of these financial statements. Md. Mashiar Rahman Dr. Nomita Halder ndc Deputy Managing Director Managing Director Signed in terms of our separate report of even date annexed. Dated: 30 November 2022 M & J Dhaka, Bangladesh cChart r ountants Low Income Community Housing Support Project (LICHSP) Implemented by Palli Karma-Sahayak Foundation (PKSF) Statement of Profit and Loss For the year ended 30 June 2022 Particulars Note1 F For the year ended 30 June 2022 30 June 2021 INCOME A. Operating income 52,247,013 36,608,423 Service charge 18 52,247,013 36,608,423 B. Non-operating income 18,558,245 23,031,265 Bank interest 19 3,382,494 546,194 Grant income 20 15,175,751 22,485,071 Total income (A+B) 70,805,258 59,639,688 f 1C. EXPENDITURE 15,610,750 34,157,071 Manpower compensation (Salaries, allowances & others) 21 10,637,600 14,553,091 Institutional development and capacity building 22 49,846 90,860 Monitoring and evaluation 23 275,690 62,463 4 Program and project cost 24 325,579 4,146,688 Depreciation 3 613,493 183,867 Administrative expense 25 3,273,543 3,448,102 Loan loss provision expenses 17 435,000 11,672,000 D. Financial cost of operation 13,899,650 11,709,075 Borrowing cost 13,771,000 11,666,985 Bank charges and commission 128,650 42,090 Total expenditure (C+D) 29,510,400 45,866,146 Excess/(shortage) of income over expenditure 41,294,858 13,773,543 The annexed notes from 1 to 26 form an integral part of these financial statements. Md. Mashiar Rahman Dr. Nomita Halder ndc Deputy Managing Director Managing Director Signed in terms of our separate report annexed. Dated: 30 November 2022 MA S& "artn rs Dhaka, Bangladesh Char redccountants 4 Low Income Community Housing Support Project (LICHSP) Implemented by Pali Karma-Sahayak Foundation (PKSF) A Statement of Changes in Equity Fund For the year ended 30 June 2022 Amount in BDT. sRetained Retained Particulars earning for Total grant fund Balance as at 01 July 2021 32,707,818 - 32,707,818 Add: Excess/(shortage) of income over 41294858 54,000,000 95,294,8 expenditure Balance as at 30 June 2022 74,002,676 54,000,000 128,002,676 Balance as at 01 July 2020 18,934,276 - 18,934,276 Add: Excess/(shortage) of income over 5 expeniture13,773,543 -13!,7773,543 expenditure ________I________ Balance as at 30 June 202 1 32,707,818 - 32,707,818 The annexed notes from I to 26 form an integral part of these financial statements. Md. Mashiar Rahman Dr. Nomita Halder ndc Deputy Managing Director Managing Director Signed in terms of our separate report of even date annexed. Dated: 30 November 2022 M & J rtne s Dhaka, Bangladesh Char ered ccountants Low Income Community Housing Support Project (LICHSP) Implemented by Palli Karma-Sahayak Foundation (PKSF) Statement of Cash Flows For the year ended 30 June 2022 Amount in BDT. Particulars 01 July 2021 to 01 July 2020 to 30 June 2022 30 June 2021 Cash flows from operating activities Excess/(shortage) of income over expenditure 41,294,858 13,7 7 3 ,5 4 3 41,294,858 13,773,543 Adjustment for items not involving the movement of cash Depreciation 613,493 183,867 Loan loss provision 435,000 11,672,000 1048,493 11,855,867 Surplus changes in operating activities 42343,351 25629,409 Changes in operating activities (Increase)/decrease in loan to partner organization -non 60,463,642 (463,222,723) current portion (Increase)/decrease in loan to partner organization -current portion(82,213,636) (120,377,268) portion (Increase)/decrease in interest others receivable 9,205 73,644 (Increase)/decrease in service charge receivable 3,366,998 (3,628,369] (Increase)/decrease in current account with PKSF(0ther then General Exp.) 26,663,926 (80,000,000) Increase/(decrease) in current account with PKSF - (5,314,506) Increase/(decrease] provision for interest on loan 13,771,000 11,666,985 Increase/(decrease) Advance to PO (50,000] (1,789,200) Increase/(decrease) in others liabilities (719,485) (3,986,311) Increase/(decrease) in Bank Interest (2,066,564) 19,225,087 (666,577,749) Net cash inflows/(outflows) from operating activities 61,568,436 (640,948,340) Cash flows from investing activities Addition of fixed assets (3,041,300)- ko Net cash inflows/ (outflows) from investing activities (3,041,300) - Cash flows from financing activities Loan from other project - 399,100,000 Increase/(decrease) in grant for Asset 2,427,807 (183,867) Establishment Grant 54,000,000 Increase/(decrease) in grant received in advance (41,603,557 39,698,797 Net cash inflows/(outflows) from financing activities 14,824,250 438,614,929 Net increase/(decrease) in cash and cash equivalents 73,351,386 (202,333,411) Add: Opening cash and cash equivalents 108,229,495 310,562,906 Closing cash and cash equivalents 181,580,883 108,229,495 The annexed notes from 1 to 26 form an integral part of these financial statements. Md. Mashiar Rahman Dr. Nomita Halder ndc Deputy Managing Director Managing Director Signed in terms of our separate report annexed. Dated: 30 November 2022 MA S jPart ers Dhaka, Bangladesh Chakter Accountants 6 It Low Income Community Housing Support Project (LICHSP) Implemented by Palli Karma-Sahayak Foundation (PKSF) Notes to the Financial Statements For the year ended 30 June 2022 1.0 Background 1.1 PKSF Palli Karma-Sahayak Foundation (PKSF), an apex development organisation, was established by the Government of Bangladesh (GoB] in May 1990, for sustainable poverty reduction through employment generation. Legally, PKSF is a "company not for profit" and is registered under the 40 Companies Act of 1913/1994 with the registrar of joint Stock Companies. The legal structure of PKSF allows flexibility and authority to undertake programmes in a dynamic environment, implementing them throughout the country and manage its affairs as an independent organisation. The major objectives of PKSF are to: provide financial assistance and institutional development support to appropriate organisations for implementing sustainable inclusive financial programmes for reduction of poverty through creating productive employment opportunities for the moderate and ultra poor, small and marginal farmers and micro-enterpreneurs. PKSF works with the continuous support of semi-government & government organizations; voluntary agencies & societies; local government bodies; institutions; groups & individuals and will keep on moving forward to achieve its goal. PKSF, over the years, has gained in-depth understanding and valuable experience on the multi-dimensional aspects of poverty. Adding now dimensions to its mission in 2010, PKSF reshaped its core goal as "establishing human dignity", instead of limiting its efforts towards achieving economic freedom only and started undertaking new programs for altering this goals. PKSF has adopted disaster management and micro insurance orouramme under the fold of its social Drotection oroframmes. The Registered Office of PKSF is situated at "PKSF Bhaban", Plot: E-4/B, Agargaon Administrative Area, Sher-e-Bangla Nagar, Dhaka-1207, Bangladesh. 1.2 Low Income Community Housing Support Project (LICHSP) This is The World Bank funded project that aims to pilot a community led approach to low income housing. This approach will provide an integrated package of technical assistance, grants, and housing loans to targeted settlements with a view to improve living conditions and shelter. National Housing Authority (NHA) and Palli Karma-Sahayak Foundation (PKSF) is jointly implementing this project. It has five components, such as Part-A: Community Mobilization and Planning, Part-B: Urban Community Improvements and Upgrading, Part-C: Shelter Component and Lending Part-D: Monitoring and Evaluation and Learning and Part-E: Project Management, Training, and Capacity Building. NHA will develop the tertiary infrastructures i.e. road network, drainage system, water supply system, sewerage system under Component-A, B, D & E, will be implementing in Comilla city corporation & Sirajgonj Pourashabha. PKSF is implementing lending under Part-C through its Partner Organizations (POs) in all 9 municipalities (Sirajgonj, Narshingdi, Jessore , Pabna , Thakurgaon , Magura , Bagura , Shariatpur , Bhola ) and 4 City Corporations (Cumilla,Naranyangonj,Rangpur,Gazipur). The project duration is 5 years, out of which first 2 years is pilot phase and last 3 years will be roll-out phase. Total budget USD 57.50 million out of which PKSF will spend USD18.00 million as loans and grants. NHA will spend the remaining amount of the budget to develop the tertiary infrastructures. 1.3 Major objectives of LICHSP The objective of this project is to improve living conditions in selected low income and informal settlements in designated municipalities in Bangladesh. 7 2 Significant accounting policies 2.1 Basis of accounting The Programme's Low Income Community Housing Support Project (LICHSP) financial statements have been prepared under the historical cost convention on a going concern basis using the International Financial Reporting Standards (IFRS) and International Accounting Standards (lAS] as adopted in Bnagladesh. Palli Karma-Sahayak Foundation (PKSF) generally follows the accrual basis of accounting or a modified form thereof for key income and expenditure items. The significant accounting policies followed in the preparation and presentation of these financial statements are summarised below: 2.2 Revenue recognation Service charges Service charges include service charge receivable or received from Partner Organizations (POs) during the reporting period for their use of the credit fund and recognized as and when it becomes due. Service charge against any loan overdue by 60 days is not recognised as income of the relevant year, rather it is kept as off balance sheet item. Service charge realized against such loan is recognised as income of the year in which it is received. Interest on bank accounts Bank interest is recognized as interest income when it accrues unless collectability is in doubt. Other income All other income are recognized when the right to receive such income has been reasonably determined and all conditions precedent are satisfied. 2.3 Period These financial statements covered the year from 01 July 2021 to 30 June 2022. 2.4 Provision for liabilities Provisions for liabilities are recognised when there is a present obligation as a result of a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount can be ]nade. Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. 2.5 Loan loss provision The loan loss provision policy of the PKSF is as under: Classification Status Days outstanding Rate Standard (Other than agriculture) Nil 2% Standard (Agriculture) Nil 5% Watch list (Other than agriculture] 01-60 days 10% Watch list (Agriculture) 01-60 days 15% Substandard (Other than agriculture) 61-180 days 50% Substandard (Agriculture) 61-180 days 60% Doubtful (All) 181-365 days 80% Bad (All) Over 365 days 100% The loan loss provision policy is however applicable to loans only. 2.6 General a) The financial statements have been prepared in Bangladeshi Taka and figures have been rounded off to the nearest integer. b) Last year's figures have been rearranged to conform the current years presentation where necessary. ipa + � f� � �" ��4 ц �' -�...�.. � � -к аги • . . et�' ..,._, Е%{� . - н С р tfi � С7] д" д' h О ��° �� ?о д � М N т� М т rn er е}+ fь у j � о„ аэ �о сз и cv s,.a и� Q �, ' F` т р��' v�i г�л г�. � G^ r'' а3 р i,' Р,� � � ro� cv cn д+ �г м а�'о `n9 а��` уΡ � �' д Е" N `�' �V � �� . 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I� Г� �р � а`�i .`�-+ c�s� `Э� ;� i.i �су г� � �j ° � ilf � .� М ыt � �оо о,� � +' �ор огу c•i ��,. 1�� И N �i V7 tЛ о N N � р lfi гi' О +"� 0+ iT ,,, ,,�� V iц М l� �' 1�17 LM+] . ^� т-1 r-i '' �� � � � т , 111 � l,� �'' '� б �t�:� 07 и ' Л� гв г�"о �, �°' н с� р .. � U Х�, �� v ГV N ы а� �� �ц .у гГ. ш •L '� � ©' � � v а� � � ,:�,� �, �:W•� � о +°� У�' а н.с а� а c•a�s м о � w �С •� � пг г� t�� а с�йс��а4 � �� м �� � д� � �� л+ . 1{р+^у1�ы� , �tt"� As at & for the year ended Notes Particulars 30 June 2022 30 June 2021 4 Loan to PO under project - non current protion The amount represents loan outstanding as at 30 June 2022 with partner organizations against loan to (POs). Opening Balance 1,274,895,432 691,295,441 Add; Loan disbursed during the year 269,900,000 714,100,000 1,544,795,432 1,405,395,441 A, V, Less: Loan recovered during the year 248,150,006 130,SOO,009 N I A 1,296,645,426 1,274,895,432 Maturity- wise break up above amount is given below: Loan to PO's under LICHSP -Non Current Portion 968,099,968 1,028,563,610 Loan to PO's under LICH SP - Current Portion 328,54S,458 246,331,822 1,296,645,426 1,274,895,432 5 Cash and cash equivalent Cash at bank: Short Notice Deposit (SND A/C) 153,580,883 80,229,495 'k Short Term Deposit (Exim Bank Ltd,Motijheel Branch) 28,000,000 28,000,000 ,A 181,580,883 108,229,495 5.1 Short notice deposit (SND A/C) Cash at Bank (Sonali Bank Ltd. Foreign Ex. Br. No.1608903000051) 3,4S4,472 60,088,333 (Southeast Bank Ltd. Agargaon Br. SND 13100000287) 150,126,411 20,141,163 153,580,883 80,229,495 5.2 Short term investment in FDR Opening balance 28,000,000 28,000,000 Add: Investment during the year - - 28,000,000 28,000,000 Less: Encashment during the year - - 28,000,000 28,000,000 fA 6 Grant and other receivables Grant receivable for expenses- LICHSP - - to Interest on FDR 285,370 294,575 285,370 294,575 7 Service charge receivables The amount represents service charges receivables from partner organizations as on 30 ]Une 2022 against loan to POs. Oki Opening balance 11,038,297 7,409,928 Add Receivable during the year 7,671,299 11,038,297 18,709,596 18,448,225 Less: Adjustment during the year 11,038,297 7,409,928 7,671,299 11,038,297 V P8 10 Notes Particulars As at & for the year ended 30 June 2022 30 June 2021 8 Advance & Prepayments Opening balance 1,789,200 - Add: Advance given during the year 50,000 1,789,200 1,839,200 1,789,200 Details are given below: Thengamara Mohila Sabuj Sangha TMSS 572,600 572,600 Eco-Social Development Organization (ESDO) 264,300 264,300 Ad-din Welfare Centre 226,900 226,900 PIDIM Foundation 218,600 218,600 National development Programme ( NDP) 235,300 235,300 Shariatpur Development Society(SDS] 164,200 164,200 Grameen Jano Unnayan Sangstha(G]US) 107,300 107,300 Project Staff advance 50,000 1,839,200 1,789,200 9 PKSF Current Acccount Current account with PKSF (Other then General Exp.) Opening balance 120,000,000 40,000,000 Add: Receive during the year 43,556,565 100,000,000 163,556,565 140,000,000 Less: Paid during the year 80,000,000 20,000,000 Sub Total 83,556,565 120,000,000 Current Account with PKSF (Project) This represents the balance in current account maintained with PKSF as at 30 June 2022: PKSF current account 14,227,441 4,447,932 Sub Total 14,227,441 4,447,932 Total 97,784,006 124,447,932 10.0 Capital fund and reserve 10.1 Retained surplus/(deficit) Opening balance 32,707,818 18,934,276 Add : Excess of income over expenditure during the year 41,294,858 13,773,543 74,002,676 32,707,818 Less: Adjustment for Bank interst 2,066,563 - 71,936,113 32,707,818 10.2 Retained earning for grant fund Opening balance - - Add: Receive from RMSF 54,000,000 54,000,000 54,000,000 54,000,000 11 Loan for project Opening Balance 1,377,100,000 978,000,000 Add: Received during the year - 3 9 9 ,100,0 0 0 1,377,100,000 1,377,100,000 IIa As at & for the year ended Notes Particulars 30 June 2022030 June 2021 t a 12 Provision for interest on loan - project Opening Balance 23,544,300 11,877,315 Add: Addition during the year 13,771,000 11,666,985 37,315,300 23,544,300 13 Deferred income (Grant for asset) Opening balance 891,540 1,075,407 Transfer from grant received in advance 3,041,300 - 3,932,840 1,075,407 Amortization of deferred income (613,4931 (183,867 3,319,347 891,540 14 Grant received in advance Opening balance 60,592,719 20,893,923 Add: Grant received during the year 30,000,000 62,000,000 90,592,719 82,893,923 Less: Transfer to deferred income (Annexure - B) 3,041,300 - Less: Transfer to grant income 14,562,258 22,301,204 Less: Transfer to Capital Equity 54,000,000 - 18,989,162 60,592,719 15 Other liabilities External audit fee 100,000 100,000 Liabilities for Communication & visibilities - 89,000 Liabilities for maintenance - 4,900 Provision for program cost under LICHSP: Thengarnara Mohila Sabuj Sangha (TMSS) - 395,800 Eco-Social Development Organization (ESDO) - 112,300 Ad-din Welfare Centre - 112,500 PIDIM Foundation - 108,800 National Development Programme ( NDP) 112,227 Shariatpur Development Society(SDS) 112,500 Grameen Jano Unnayan Sangstha(GJUS) 104,160 100,000 1,252,187 16 Bank Interest Payable Opening Balance - - Less: Adjustment for Payable Bank Interest 432,702 432,702 12 ［嘴‘긱 Particulars As at & for the Zear ended 1[_30June2022 11 30 ne20271] 18 Service charges This represents service charges earned during the year from the partner organizations (POs) against loan provided to PO's, Thengamara Mohila Sabuj Sanglia TMSS 18,036,312 12,399,822 Eco-Social Development Organization (ESDO) 10,757,009 7,754,473 Ad-din Welfare Centre 3,098,962 2,674,085 PIDIM Foundation 5,803,257 4,267,633 National development Programme ( NDP) 6,772,387 5,311,513 Shariatpur Development Society(SDS) 5,760,787 2,688,724 Grarneen Jano Unnayan Sangstha(GIUS) 2,018,298 1,512,172 52,247,013 364608 423 Toll 19 Bank interest This amount represents the bank interest earned during the year against Special Notice Deposit (SND) Account lying with different banks. Account wise break up of the above amount is given below: Sonali Bank Ltd. Foreign Ex. Corp. Br. (CONTASA A/C) - (3,145,889) Southeast Bank Ltd. Agargaon Br. SND A/C 1,718,700 1,805,727 Interest on Short term Fixed deposits (FDR) 1,663,795 1,886,356 3,382,494 546,194 20 Grant income Grant income account under LICHSP (Annex: A) 14,562,258 22,301,204 Amortization of deferred income (Note: 3) 613,493 183,867 a 15,175,751 22,485,071 21 Manpower compensation (Salaries, allowances & others) Project Co-ordinator 1,625,000 3,291,367 Deputy Project Co-ordinator (Engineering) 2,127,000 1,971,392 Deputy Project Co-ordinator (Finance & Accounts) 1,745,900 1,676,588 Deputy Project Co-ordinator (Environment) 1,914,200 1,787,688 Ali Deputy Project Co-ordinator (Housing Finance) 546,000 2,055,050 Officer (Engineering) 1,063,500 985,384 Messenger 161,000 607,624 Deputy Project Co-ordinator (MIS) 525,000 990,000 Assistant Project Co-ordinaLor (Monitoring) 650,000 660,000 Officer-Data Entry& Admin Support 280,000 528,000 10,637600 14,553,091 22 Institutional development and capacity building Tranining,Workshop & Seminar 2,4SS 1,860 Communication & Visibility 47,391 89,000 49,846 90 860 3 4 23 Monitoring and evaluation Monitoring cost 94,832 62,463 Consulting and Non-Consulting Services 180,858 275,690 62,463 14 lOtA Notes Particulars As at & for the year ended 30 une 2022 30 June 2021 24 Program and project cost Thengamara Mohila Sabuj Sangha TMSS 325,579 1,355,500 Eco-Social Development Organization (ESDO) - 476,701 Ad-din Welfare Centre - 472,500 PIDIM Foundation - 456,350 National development Programme ( NDP) - 471,159 Shariatpur Development Society(SDS) - 472,500 Grameen Jano Unnayan Sangstha(GJUS) -4441,978 325,579 4,146,688 25 Administrative expenses Vehicle Operating Cost 1,920,000 1,924,900 Printing and Stationary 356,811 615,070 Office Rent & Utilities 709,732 701,832 Telephone,Mobile& Internet Bill 96,583 97,140 Recruitment Expenses Meeting Expenses 26,608 9,160 External Audit Expenses 100,000 100,000 Miscellaneous Expenses 26,219 - Procurement Expense 37,590 - 3,273,543 3,448,102 26 Subsequent event No circumstances have arisen since the statement of financial position date, which would require adjustments to or disclosure in the financial statements or notes thereto. V 153W , It Annexure - A Low Income Community Housing Support Project (LICHSP) Implemented by Palli Karma-Sahayak Foundation (PKSF) Grant Income Account under LICHSP For the year ended 30 June 2022 Amount in BDT. Eligible Eligible Particulars Expenditure () Expenditure Manpower compensation (Salaries, allowances & others) Project Co-ordinator 1,625,000 100% 1,625,000 ProjecttoCoEnordinator Deputy Project Co-ordinator (Engmeermg) 2,127,000 100% 2,127,000 Deputy Project Co-ordinator (Finance & Accounts) 1,745,900 100% 1,745,900 Deputy Project Co-ordinator (Environment) 1,914,200 100% 1,914,200 Deputy Project Co-ordinator (Housing Finance] 546,000 100% 546,000 Officer (Engineering) 1,063,500 100% 1,063,500 Messenger 161,000 100% 161,000 Deputy Project Co-ordinator (MIS) 525,000 100% 525,000 Assistant Project Co-ordinator (Monitoring) 650,000 100% 650,000 Officer-Data Entry & Admin Support 280,000 100% 280,000 Sub - Total 10,637,600 10,637,600 Institutional development and capacity building Tranining,Workshop & Seminar 2,455 1 100% 2,455 Communication &Visibility 47,391 100% 47,391 Sub - Total 49,846 49,846 Monitoring and evaluation Monitoring cost 94,832 100% 94,832 Consulting and Non-Consulting Services 180,858 100% 180,858 Sub - Total 275,690 275,690 Program and project cost Thengamara Mohila Sabuj Sangha TMSS 325,579 100% 325,579 Sub - Total 325,579 325,579 Administrative expense Vehicle Operating Cost 1,920,000 100% 1,920,000 Printing and Stationary 356,811 100% 356,811 Office Rent & Utilities 709,732 100% 709,732 Telephone,Mobile& Internet Bill 96,583 100% 96,583 Meeting Expenses 26,608 100% 26,608 I' External Audit Expenses 100,000 100% 100,000 It Miscellaneous Expenses 26,219 100% 26,219 Procurement Expense 37,590 100% 37,590 Sub - Total 3,273,543 3,273,543 Grant income account under LICHSP 14,562,258 14,562,258 RMSF Fund (Capital Grant) 54,000,000 100% 54,000,000 Grand Total 68,562,258 68,562,258 iRnq 16 Annexure - B Low Income Community Housing Support Project (LICHSP) Implemented by Palli Karma-Sahayak Foundation (PKSF) r Expenditure for Asset For the year ended 30 June 2022 i Amount in BDT. Particulars Expenditure Eligible % Eligible Expenditure Computer, Printer, UPS 118,547 100% 118,547 Training Equipment 2,922,753 100% 2,922,753 Total 3,041,300 Le , 17 LI A* 17